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What is Consolidated Statement?
Consolidated Statement describes about the financial statement of a parent company along with its branches.Â It means the financial status always gets affected if any of the subsidiaries affects due to any reason. The entire group performance should be perfect to maintain the overall health of the company. Thus, factors like income, assets, liabilities, cash flow, expenses, equity of all the divisions of the branches along with its parent.
Our team Consolidated Statement Homework Help team describes that if any single factor gets affected as cash flow of a subsidiary or income of a division, then parent company will not achieve its target. So, the entire group will get affected. Thus, it is very necessary for the accountants or the students to prepare the statements in an accurate way with a great concentration. You just need to prepare a statement for each branch and then complete the balance sheet properly.
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